food for thought, page-7

Hi Kosenar

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"Say $1m per mill as a licence fee and we are looking at ~$50m over the next 5-10 years PLUS utilisation for all of the other technologies - who knows what the potential is?"
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Seems a bit cheap to me.

Just as an example the chinese steel industry produced 700 million tonnes of steel last year. It was stated on the APG website that about 3% is lost to scale and dust.That works out to be around 20 million tonnes P/A to be recycled, probably with the majority by the seven major steel producers. Therefore $7 mil for a one off licence to each of the steel producers in perpetuity? I reckon that $10/tonne would be cheap considering that the iron produced would have to be worth at least $200/tonne.
Another interesting aspect is all the iron oxide dumped over the past say, 16 years by chinese steel producers.

http://en.wikipedia.org/wiki/List_of_countries_by_steel_production

http://en.wikipedia.org/wiki/Chinese_steel_industry

That works out to around 300 million tonnes of steel P/A x 16 years=4.8 bil tonnes steel x 3%waste = 144 million tonnes of waste already dumped. As this iron oxide would be equivalent to iron ore @$100/tonne from Australia or Brazil that is worth $14 billion if it can be reclaimed.Ten dollars a tonne to Austpac seems fair, they can start writing the cheque for $1.4 bil any time they like lol.

Perhaps I'm getting a little ahead of things as we don't have Newcastle up and running yet, but there's a huge market out there unless I've got a decimal place or two mistaken.

Also for perspective, weren't Multiserve going to build the plants and give Austpac 50% of the profits?And weren't those profits going to be >$7mil pa per plant?
cheers